428 South Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Listed by Classified Realty Group | $724,900 | |
| Listed by Classified Realty Group | |||
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Delightful Cape nestled in one of Reading’s most COMMUTER-FREINDLY neighborhoods. With quick access to routes 128, 93 and Readings MBTA station and a short distance to Boston, your daily travels are a breeze! A thoughtfully designed layout featuring 3 SPACIOUS bedrooms and 1 1/2 baths, is ideal for both comfort and functionality. The OPEN CONCEPT KITCHEN was created to be efficient, fun, & entertaining friendly. It includes LOW MAINTENENCE, polished & honed, concrete countertops filled with treasured sea glass from the owner’s collection, sourced from New England sea coasts! Ample cabinetry & gorgeous pull-outs made from repurposed wormwood & antique glass create a special place for spices & pantry goods. The outdoor patio is surrounded by MATURE GARDENS & strung w/Edison lights, is situated on a LARGE, LEVEL BACKYARD. It’s an idyllic spot for entertaining family & friends with a natural gas line for grilling. This classic New England style home, ready for its next chapter, won't last!
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| Dec 21, 2004 | Sold | ||
| Sold | |||
| Aug 16, 2004 | Listed | $370,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017